Tennessee § 62-39-408 - Registration fees — Surety bond.
Full text of Tennessee Tennessee Code Annotated § 62-39-408 — Registration fees — Surety bond., with citation guidance and answers to common questions.
§ 62-39-408. Registration fees — Surety bond.
The commission shall establish by rule and regulation the fee to be paid by each appraisal management company seeking registration under this part, such that the sum of the fees paid by all appraisal management companies seeking registration under this section shall be sufficient for the administration of this part. The commission shall charge and collect fees to be utilized to fund activities that may be necessary to carry out this chapter. Each applicant for registration shall post with the commission and maintain on renewal a surety bond in the amount of twenty thousand dollars ($20,000). The details of the bond shall be prescribed by rule and regulation of the commission, however, the bond may not be used to assist appraisers in collection efforts of credit extended by the appraiser. Acts 2010, ch. 963, § 9.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 62-39-408
What does Tennessee Code Annotated § 62-39-408 cover?
Section 62-39-408 ("Registration fees — Surety bond.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 62-39-408?
A common citation format is "Tennessee Code Annotated § 62-39-408" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 62-39-408 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.